But Benjamin Swinburne, a media analyst at Morgan Stanley, is forecasting a surprisingly strong rebound in advertising, especially on television, because dealers' spending on car and truck ads has fallen implausibly low: down by 65% in the first quarter of 2009 compared with the same period last year.
Blodget--along with Mary Meeker of Morgan Stanley Dean Witter, Michael Parekh of Goldman Sachs and Keith Benjamin of BancBoston Robertson Stephens--is a member of an elite group of Wall Street Internet pundits who have the power to decide which net-stock is worthy of investors' money.